Global Automotive Diagnostic Scan Tools Market Report 2023: Sector is Expected to Reach $50.12 Billion by 2028 at a CAGR of 6.07% - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Automotive Diagnostic Scan Tools Market by Offering Type, Tool Type, Propulsion Type, Vehicle Type, and Region 2023-2028" report has been added to ResearchAndMarkets.com's offering.

The global automotive diagnostic scan tools market size reached US$ 35.2 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 50.12 Billion by 2028, exhibiting a CAGR of 6.07% during 2022-2028.

Companies Mentioned

• Actia Group
• Autel Intelligent Technology Corp. Ltd.
• AVL DiTEST GmbH (AVL List GmbH)
• Continental AG
• Delphi Technologies (BorgWarner Inc.)
• Fluke Corporation (Fortive Corporation)
• Robert Bosch GmbH (Robert Bosch Stiftung GmbH)
• Snap-On Incorporated
• Softing AG

The implementation of various government initiatives to enhance road safety, rising expenditure capacities of consumers, and significant expansion in the automotive industry represent some of the key factors driving the market.

Automotive diagnostic scan tools refer to electronic devices used to diagnose any fault in the vehicle. They help to reprogram control modules for cars and detect and analyze electronic system malfunctions for various vehicles. They are widely used to diagnose and troubleshoot issues in the engine, transmission, fuel system, battery, and other electronic systems of vehicles.

Automotive diagnostic scan tools are devices that connect to a vehicle's onboard computer system, read and clear diagnostic trouble codes (DTCs), display live data, and perform functions, such as reprogramming and coding. They assist in reprogramming vehicle control modules and detecting and analyzing electronic system malfunctions for various passenger and commercial vehicles. As a result, these tools are used in car workshops and service stations by professionals and DIYers to diagnose and repair defects.

The increasing vehicle complexity and the need for advanced diagnostics across the globe are among the key factors driving the market growth. Automotive diagnostic scan tools are widely used in modern vehicles to access and interpret data, as these vehicles are equipped with a wide range of electronic systems and sensors. In line with this, the widespread product utilization in aftermarket repair and maintenance services to quickly and accurately diagnose and repair problems in a vehicle is favoring the market growth.

Additionally, the increasing electrification of vehicles and the rising need for diagnostic scan tools that can communicate with a vehicle's onboard computer and retrieve data in real-time is acting as another growth-inducing factor. Apart from this, the utilization of onboard diagnostics II (OBD-II) tool that allows global positioning system (GPS) fleet tracking devices to record information, such as engine revolutions, fuel usage, fault codes, and vehicle speed, is propelling the market growth.

Furthermore, the integration of artificial intelligence (AI) in automotive diagnostic scan tools that allow more accurate and efficient repairs, provide mechanics with real-time information and ensure enhanced predictive maintenance is providing an impetus to the market growth.

Besides this, the implementation of various government initiatives for stringent emission regulations that have led to the increasing demand for diagnostic scan tools to help identify and troubleshoot emissions-related issues is positively influencing the market growth. Other factors, including significant expansion in the automotive industry, rising expenditure capacities of consumers, and the increasing demand for high-end and luxurious vehicles, are anticipated to drive the market growth further.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each segment of the global automotive diagnostic scan tools market, along with forecasts at the global, regional, and country level from 2023-2028. Our report has categorized the market based on offering type, tool type, propulsion type, and vehicle type.

Offering Type Insights:

• Diagnostic Hardware
• Scanner
• Analyzer
• Tester
• Code Reader
• Others
• Diagnostic Software
• Vehicle System Testing Software
• Vehicle Tracking and Emissions Analysis
• Others
• Diagnostic Services
• Vehicle Maintenance and Repair
• Custom, Training, Support and Integration

Tool Type Insights:

• DIY Diagnostic
• OEMS Diagnostics
• Professional Diagnostics

Propulsion Type Insights:

• IC Engine Vehicles
• Electric Vehicles

Vehicle Type Insights:

• Passenger Vehicle
• Commercial Vehicle

Key Questions Answered in This Report:

• How has the global automotive diagnostic scan tools market performed so far and how will it perform in the coming years?
• What are the drivers, restraints, and opportunities in the global automotive diagnostic scan tools market?
• What are the key regional markets?
• Which countries represent the most attractive automotive diagnostic scan tools markets?
• What is the breakup of the market based on the offering type?
• What is the breakup of the market based on the tool type?
• What is the breakup of the market based on the propulsion type?
• What is the breakup of the market based on the vehicle type?
• What is the competitive structure of the global automotive diagnostic scan tools market?
• Who are the key players/companies in the global automotive diagnostic scan tools market?

For more information about this report visit https://www.researchandmarkets.com/r/2ooeth

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